XML 67 R54.htm IDEA: XBRL DOCUMENT v3.7.0.1
Notes Payable, Long-Term Debt and Other Obligations (Details) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended
Feb. 26, 2017
Jan. 27, 2017
May 09, 2016
Apr. 15, 2014
Feb. 28, 2013
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Debt Instrument [Line Items]                    
Notes payable, long-term debt and other obligations           $ 1,210,150,000   $ 1,210,150,000   $ 1,203,249,000
Less: Debt issuance costs           (30,332,000)   (30,332,000)   (30,798,000)
Total notes payable, long-term debt and other obligations           1,179,818,000   1,179,818,000   1,172,451,000
Less: Current maturities           (20,941,000)   (20,941,000)   (39,508,000)
Amount due after one year           1,158,877,000   1,158,877,000   1,132,943,000
Fair value of derivatives embedded within convertible debt           95,627,000   95,627,000   112,332,000
Issuance of common stock (in shares)   2,000,000                
Loss on extinguishment of debt           0 $ 0 34,110,000 $ 0  
Non-cash interest expense           13,426,000 8,653,000 25,262,000 16,609,000  
Senior Notes | 7.75% Senior Secured Notes due 2021, including premium of $13,954                    
Debt Instrument [Line Items]                    
Notes payable, long-term debt and other obligations           $ 0   $ 0   848,954,000
Premium                   13,954,000
Interest rate           7.75%   7.75%    
Redemption price 103.875%   103.50% 106.75%            
Loss on extinguishment of debt           $ 0 $ 0 $ 1,754,000 $ 0  
Redemption premium and tender offer costs               32,356,000    
Non-cash interest expense               1,754,000    
Net proceeds from issuance of debt     $ 236,900,000 $ 158,670,000 $ 438,250,000          
Principal amount $ 835,000,000   $ 235,000,000 $ 150,000,000 $ 450,000,000          
Senior Notes | 6.125% Senior Secured Notes due 2025                    
Debt Instrument [Line Items]                    
Notes payable, long-term debt and other obligations           850,000,000   850,000,000   0
Interest rate   6.125%                
Indenture threshold for earnings for payment of dividends (less than)           75,000,000   $ 75,000,000    
Leverage ratio requirement               3.0    
Secured leverage ratio requirement               1.5    
Redemption price               101.00%    
Net proceeds from issuance of debt   $ 831,100,000                
Principal amount   $ 850,000,000                
Convertible Debt | 7.5% Variable Interest Senior Convertible Notes due 2019, net of unamortized discount of $91,396 and $108,480                    
Debt Instrument [Line Items]                    
Notes payable, long-term debt and other obligations           138,604,000   $ 138,604,000   121,520,000
Unamortized discount           91,396,000   91,396,000   108,480,000
Fair value of derivatives embedded within convertible debt           $ 42,489,000   $ 42,489,000   52,899,000
Interest rate           7.50%   7.50%    
Convertible Debt | 5.5% Variable Interest Senior Convertible Debentures due 2020, net of unamortized discount of $62,852 and $71,247                    
Debt Instrument [Line Items]                    
Notes payable, long-term debt and other obligations           $ 195,898,000   $ 195,898,000   187,503,000
Unamortized discount           62,852,000   62,852,000   71,247,000
Fair value of derivatives embedded within convertible debt           $ 53,138,000   $ 53,138,000   59,433,000
Interest rate           5.50%   5.50%    
Line of Credit | Liggett                    
Debt Instrument [Line Items]                    
Amount outstanding           $ 21,662,000   $ 21,662,000    
Remaining borrowing capacity           28,700,000   28,700,000    
Line of Credit | Revolving credit facility | Liggett                    
Debt Instrument [Line Items]                    
Notes payable, long-term debt and other obligations           18,810,000   18,810,000   37,163,000
Line of Credit | Term loan under credit facility | Liggett                    
Debt Instrument [Line Items]                    
Notes payable, long-term debt and other obligations           2,852,000   2,852,000   2,999,000
Equipment loans | Liggett                    
Debt Instrument [Line Items]                    
Notes payable, long-term debt and other obligations           3,474,000   3,474,000   4,519,000
Other                    
Debt Instrument [Line Items]                    
Notes payable, long-term debt and other obligations           $ 512,000   $ 512,000   $ 591,000